Omaha daily bee., 1887-04-03
WHEAT ON THE CURB WEAK.
The Trading Crowd Greatly at Sea as to the
Course OF Prices
MYSTERIOUS CLIQUE MOVES.
Corn Opens Fraction Lower For
Future Delivery-More Interest
Taken i'm Provisions - Beef
Cattle eStudy-Quotations.
CHICAGO PRODUCE MARKET.

CHICAGO, Auril q Special Telegram 20
the BEE. Wheat was weak on tae curb
yesterday afternoon, and this morning, and
sold down to s2l9c for May, which was the
market at the regular opening, with June
quoted at size and July at 59j6c. The trad
ing crowd was at sea as to the course of
prices. Many thought that the cliques had
pretty well worked out of their May deal,
while others were satisfied that they were
still heavily long, and that "the end was not
yet" Evidently the end is not yet, as May
chan led l1l8l$5c above June, which would
be l5!g &c above May, if the normal condi-
ton prevailed 1t is admitted that very
large amount of long wheat was sold out on
the advance during the past three days, hut
the relative position of May and June is &C.
cepted by nearly everybody as evidence con-
elusive that the speculative long interest is
still large one. A number of timid or light
wasted shorts were driven in on the last
bulge that eliminated at SGl1c, and in usu-
ally well informed circles the i'm
preston is deeply grounded that the
so-caled speculative short interest yet re-
naming is very largely represented by the
wheat in store in Chicago and in the ware
houses through the northwest back of Chi
cagO. 4 great majority of the receiving
houses are said to appear on the books as
short for May. The inference naturally
drawn from such condition of things is
that these houses are short for customers
who have property to deliver. Tie market
to-day was guess. Outside conditions con-
tnue bearisb and local sentiment is meas
ured entirely by the predomnating opinion
that may prevail at the moment as to what
the alleged 'cliuues" may do next. Gables
whre aulet. As previously remarked, wheat
was rather weak at the opening, but prices
were run up &c on the buying by scalpers
who were banking on the natural reaction" p"
hnding that the market had no other sup
port. They turned about and May slipped
back to S!1sGS9Lc and SO$lc for June. The
crop-scare news and buying sent May up
again to S21sc and June to Sic. From this
point there was a slight settling of values,
when Walker again carried prices up to the
outside limits previously reached, but just
before the close sharp decline occurred and
iinal quotations were at inside figures real
for June and 1850 Tor July, a net loss on the
day OF 160Ac. Trading was lively the first
hour and the last fifteen minutes. Corn
opened 5st9l+c lower for future delivery, and
during the first half hour or SO there was
quite active trading. Throughout the re-
malnder OF the session the prevailing tone
was one of dullness. In the provision pi,
the week closed with little more interest
shown in the market In pork there was
new trading but lard and short ribs received
increased attention and were at times quite
active. In short ribs the movement in q
speculative way was characterized with more
than ordinary spirit, and under the unload
Ing OF holders lower prices prevailed. Fol
Inherent deliveries the clOSings for this article
were l5c under last nights hgure5 Lard also
closed at a decline OF exc. The nominal
quotations for pork were unchanged